Thread by @ScottTParkinson

My friends at @RepublicanStudy, Chaired by @Jim_Banks, have released the most comprehensive analysis of the so-called "Inflation Reduction Act", publishing 50 radical policies in the atrocious Schumer/Manchin bill.

The bill taxes, spends, & regulates America...1/

...into a deeper Biden recession, higher Bidenflation, & less economic freedom.

Schumer/Manchin spends $369 billion on green/radical environmental climate policies...effectively subsidizing the CCP. 2/

Schumer/Manchin increases taxes by over $700 billion, just days after the U.S. officially entered the Biden Recession, which has been felt by the American People for many months through a 40+ year high in inflation, exceeding 9%. The bill worsens the supply chain crisis, 3/

and kills over 27,000 U.S. manufacturing jobs and will vastly increase energy costs in America.

The bill is loaded w/ budgetary gimmicks so that Manchin can argue it will reduce deficits. These budgetary smoke & mirrors are exposed by CBO's analysis, .../4

which includes 87,000 new IRS agents that will work to fulfill Socialist Dems' mission to confiscate wealth in America.

Spending $80B to hire an Army of IRS agents? Increasing taxes by over $739B? Socialist Dems' redistribution of wealth takes from People, gives to govt. /5

Biden's admin will use these IRS agents to spy on people making financial transactions totaling more than $10,000 annually.

Next up, more Socialism, more socialized medicine, more Socialist price controls to force drug manufacturers to accept whatever prices Joe Biden... /6

...thinks is fair. Biden doesnt even do a lot of thinking for himself these days so in reality, unelected bureaucrats in the Biden Admin will distort the free market economy with price controls, causing less innovation & stopping new drugs from making it into the marketplace! /7

Don't stop me if you've heard this before, but the bill expands #Obamacare, subsidizing the costs of health insurance for people that make as much as $300K.

Congress should repeal Obamacare & finally allow free market reforms that increase choice & competition to reduce.../8

...overall health care costs.

Democrats always have carveouts for special interests. This bill includes carveouts for union bosses by implementing prevailing wage requirements for companies that utilize tax credits in the bill. /9

Congress just passed a massive corporate welfare last week w/ the CHIPS Act... Why would the Democrats stop now?

This bill includes $60B in corporate welfare for green energy corporations. This #GreenNewDealSteal once again is an example of govt picking winners & losers.../10

in the marketplace.

Want more Green New Deal? Well, the Justice Democrats are excited the bill includes a new Environmental Justice program that gives a windfall to solar & wind companies. /11

Even more Green New Deal? The bill expands tax breaks to the wealthy to buy solar panels, & the deduction for commercial properties to expand energy efficiencies, and Green New Homes. You see, Socialists love tax breaks when they serve their special interests... /12

More climate special interests: The bill subsidizes electric vehicles, more subsidies for failed green energy projects - remember Solyndra?

If that's not enough, the bill increases energy costs by increasing the Superfund excise tax on crude oil & imported petroleum. /13

Another green special interest, the bill creates a new tax credit for carbon-neutral electricity generation facilities... speaking of carbon, I've got no problem w/ Taylor Swift's carbon footprint via her use of a private jet. Shake it (the criticism) off, @taylorswift13. /14

Next, @Sen_JoeManchin represents a coal state, West Virginia... didn't stop him from rejecting a bill that permanently extends taxes paid by coal mining operations.

Have you seen the radicals getting hired throughout the Biden Admin? .../15

The Dept of Ag is getting $20 billion to radicalize agriculture by advancing even more of the Green New Deal, like requiring the Sec. of Agriculture to put cows on diets so they fart less.

Climate change, climate change, environmental justice, stop eating burgers... /16

Burgers are delicious. Seems like the bill has TDS written subliminally throughout...

Want a loan for renewable energy storage? How about free money? This bill has that, too. Don't act surprised that the Biden Admin will give out free money to green special interest... /17

Nearly $10 billion more for the construction of solar energy & other renewable energy sources in rural areas. Don't "California" my (insert-state).

Tree Huggers? Let's spend $1.5 billion to plant trees in urban areas so everyone can hug a tree. /18

The Defense Production Act should only be used in extreme times for national security. While Biden hasn't declared a Climate Emergency, they're building the framework & slush-fund to carry out DPA when he does. /19

$4.5 billion for green home appliances. When the grid fails from all their electric cars, they're gonna shut off your air conditioning & you can wash your clothes in a bathtub. /20

MORE GREEN NEW DEAL: $40 billion for the Secretary of Energy to support "projects" that reduce greenhouse gases. Another gigantic waste of money.

...$5 billion more for electric vehicle subsidies... /21

$5 billion to implement $250B in loan guarantees on green energy "infrastructure." Did they forget about this one in Biden's infrastructure boondoggle? IT'S INFRASTRUCTURE WEEK!!! /22

More increase on energy costs - this time by increasing royalties paid by energy companies. Like tariffs, increased costs just get passed along to consumers. Plus, higher fees on oil & gas energy production... Start biking to work. You can't afford an electric car. /23

Free heavy duty electric vehicles for Woke School Districts!! Ok, I added the word "woke" but you know it's true, especially if you've read this far...

$27 billion more for low-income environmental justice communities... This is the radical left. /24

$60M more in subsidies to reduce diesel emissions. The Left hates truckers, but we already knew that. Get your #Fauci Ouchie!

More Propaganda: They redefined "recession"; next they want to "educate" communities on green house gas emissions. $87 million should do the trick. /25

Let’s call this bill what it is: THE GREEN NEW DEAL.

The Left should probably congratulate @AOC. Schumer feels like heat from his NY colleague & did more to pass her Socialist agenda than Biden could.